On 28 August 2014, Tiger Resources announced a fully underwritten 1 for 5 non-renounceable entitlement offer to raise approximately $53.9 million. The institutional component of the Entitlement Offer was completed on Monday, 1 September 2014, raising approximately $26.1 million together with a $19.5 million placement to institutional investors. The retail component of the Entitlement Offer ("Retail Entitlement Offer [...]
Tiger Resources Retail Offer Booklet offering an accelerated non-renounceable rights issue. For a fully underwritten accelerated non-renounceable rights issue of 1 New Share for every 5 fully paid ordinary shares in Tiger Resources held at 7.00pm (Sydney time) on 2 September 2014 at an offer price of $0.30 per New Share.Retail Entitlement Offer closes at 5.00pm (Sydney time) on 19 September 2014 (unless extended).This [...]
Tiger Resources is pleased to announce the successful completion of the institutional components of its capital raising announced on 28 August 2014. These components, which comprise a $19.5 million placement and the $26.1 million institutional component of a pro-rata non-renounceable entitlement offer, have raised a total of $45.6 million (before expenses).Shares subscribed for under the institutional components of the [...]
Tiger Resources is pleased to announce that it has entered into an agreement to acquire the remaining 40% shareholding in Société d'Exploitation de Kipoi SA. SEK is the owner of the Kipoi Copper Project in the Democratic Republic of Congo. The Tiger Group currently holds 60% of the shares in SEK. Upon completion of the agreement, which remains subject to the satisfaction of certain conditions precedent, Tiger will [...]
Tiger Resources is pleased to announce that the solvent-extraction and electro-winning (SXEW) plant at its Kipoi Copper Project in the Democratic Republic of Congo (DRC) has achieved commercial production of copper cathode. The Company achieved the milestone of commercial production during July, producing 1,501 tonnes of copper cathode operating at 72% of nameplate design. Tiger's Managing Director Brad Marwood said the [...]
Tiger Resources provides the opportunity to listen to a BRR Media interview with the Company's Managing Director, Mr Brad Marwood in relation to the June 2014 Quarterly Reports released earlier today. To listen to this audio broadcast, copy the following details into your web browser. As Mr Marwood was on a mobile line at the Kipoi Mine Site, the line quality is a little poor. About Tiger Resources Limited: Tiger [...]
Tiger Resources provides the June 2014 Quarterly Activities Report including the Stage 2 Kipoi SXEW plant commencing cathode production. The Highlights for the period are:- First copper cathode produced on 25 May 2014 - 1,499 tonnes of copper cathode produced during Q2 2014 - SXEW plant on track to achieve nameplate annual capacity of 25,000 tonnes of copper cathode - 2014 production guidance increased to 14,000 tonnes of [...]
Tiger Resources is pleased to advise it has arranged a further $25 million advance payment facility from Gerald Metals SA to Tiger's 60% subsidiary, Société d'Exploitation de Kipoi SPRL, the operator of the Kipoi Copper Project in the Democratic Republic of Congo. This advance payment is in addition to the existing $50 million advance payment facility provided by Gerald to SEK, and is provided for general [...]
Further to its announcement dated 13 June 2014, Tiger Resources Ltd. (ASX:TGS) confirms the completion of the capital raising of A$20.36 million with the issue of 59,886,610 shares to institutional, sophisticated and professional investors identified by Canaccord Genuity (Australia) Limited and UBS AG (NYSE:UBS), Australia Branch who acted as Joint Lead Managers and Bookrunners to the placement offer.An Appendix 3B is [...]
Tiger Resources is pleased to announce a share placement to professional, sophisticated and other exempt investors at an issue price of A$0.34 per share to raise approximately A$20 million, before expenses of the issue. The Placement falls within the Company's issuing capacity under ASX Listing Rule 7.1. and therefore does not require shareholder approval. The Placement shares will on issue rank equally in all respects [...]
Tiger Resources presents their June Presentation. Below are the summary from the presentation.Tiger Summary- ASX-listed copper producer in the Democratic Republic of Congo (DRC) - Producing copper concentrate from May 2011 - Cathode production started in May, 2014 - Transitioning to 50,000t per annum copper cathode producer - Lowest-cost copper producer on ASX2013-2014 Achievements [...]
Tiger Resources has started copper cathode production at its Kipoi Copper Project in the Democratic Republic of Congo. Cathode production commenced on 25 May, 2014 after Tiger completed construction and commissioning of its Stage 2 solvent extraction electro-winning (SXEW) plant at Kipoi within record time.The Company expects the SXEW plant to reach full production capacity within three months and to produce 25,000 tonnes [...]